Rwanda : Market Report – Wednesday June 13, 2012 RSE continues to heat up

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Rwanda : MarketBRALIRWA and BK shares have proven to be a hot commodity over the last few days.

Going against the trend of little market activity that had characterized it, the Rwanda Stock Exchange on Wednesday recorded high turnover than the previous session for the second straight day, with Rwf 758,111,600 from 5,434,000 BK shares and 200,000 BRALIRWA shares traded in 3 deals.

This comes in stark comparison to the previous session (Tuesday) which saw a turnover of Rwf 365,750,000 from 406,000 BK shares and 900,000 BRALIRWA shares traded in 16 deals.

Bank of Kigali shares, which along with those of beverage manufacturer BRALIRWA represent the mainstays in terms of movement on the market, traded at Rwf 125 and Rwf 127, then closed at Rwf 125, unchanged from Tuesday’s closing price while BRALIRWA shares traded and closed at Rwf 340, registering a decrease of Rwf 15. KCB and NMG shares last transacted at Rwf 135 and Rwf 1,200 respectively.

At the end of formal trading hours, there was an outstanding bid of 200 BK shares at Rwf 123 and outstanding offers of 2,204,600 shares between Rwf 125 and 130. On BRALIRWA counter, there were outstanding bids of 500 shares at Rwf 341 and 10,000 shares at Rwf 342 and outstanding offers of 19,300 shares between Rwf 345 and 360.

 

 

 

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Based in New York, Patrick is a Wall Street Broker and Financial Pundit. He works as a Foreign Consultant for Rwanda Eye. His insights on the current economic trends and its impact on Rwanda and Africa, makes him an invaluable asset to Rwanda Eye.

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